In accordance with section 54 EC of the Income Tax Act, 1961, all categories of tax payers would be eligible to save tax in respect of

long term capital gains by making investments in certain Bonds prescribed.

These bonds are classified as "long-term specified asset" and are issued by NABARD, REC, NHAI, NHB and SIDBI.

These bonds are specifically for investors who have made some long term capital gains, and would like to save capital gain taxes on

this amount.

Only long term capital gains are eligible for these bonds though, and short term gains are not covered under section 54EC.

The interest from these bonds is fully taxable.

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Sharekhan Ltd is engaged as a distributor of bonds/NCDs/FDs/mutual funds. Sharekhan or any of its group concerns does not in any manner recommend these products or any of their characteristics. You are advised to take your own independent decisions for investing in any financial product after understanding its nature, and the risks and returns involved. You may approach your own consultants for seeking investment advice in financial products or in relation to the tax related aspects. Neither Sharekhan nor any person connected to Sharekhan accepts any liability arising out of the above investment.
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